RETAINING SELLER AS EMPLOYEE POST ACQUISITION?
Would appreciate the perspective of this group - looking at a much smaller deal where I could fund the acquisition with no financing (so would remove the SBA requirement of removing the seller as employee post-acquisition). It is a technical business and seller would like to stay on as "lead technician" (e.g. training staff and going on calls as needed). Frankly, I find this a compelling part of this transaction (and I still plan to be very hands-on) but will allow me to more quickly integrate roll-up opportunities to scale. That being said, would be great to hear any experiences (both good and not so good) on this scenario. Thanks in advance all!